3G Capital Partners is known for nurturing young talent—and giving them top jobs at companies the private-equity firm control. David Knopf, 29, was recently named CFO of Kraft Heinz.

AP

Good morning. Brazilian private equity firm 3G Capital Partners LP has a history of appointing young executives to the companies it controls. Therefore the choice of David Knopf, 29, for the finance chief role at Kraft Heinz Co. is not out of the ordinary, write Annie Gasparo and CFO Journal’s Ezequiel Minaya.

Mr. Knopf played a role in the Kraft Heinz merger, a deal valued at roughly $50 billion. Once it was completed, he became a vice president of finance for the new company and is currently leading the Planters business.

In giving the job to Mr. Knopf, a 3G partner who joined the food company in 2015, Kraft Heinz passed over an accounting officer with more than a decade of experience in the food business. When Mr. Knopf takes on his new role in October, he will be the youngest CFO among Fortune 500 companies. The average age of sitting CFOs is 51 years old, according to Korn/Ferry International, an executive recruiting firm. The average age of someone starting a CFO role is 50.

Age may not be an absolute proxy for experience, experts say, as finance chiefs today focus on operations, technology and company strategy while more traditional functions of accounting and regulatory reporting can fall to others, such as a global controller. Kraft Heinz has a veteran in that role, and Mr. Knopf’s predecessor, Paulo Basilio, a 3G partner since 2012, will remain at the company as president of its U.S. business.

Mr. Knopf “is still green in some areas, but it’s my job to develop him,” said Kraft Heinz Chief Executive Bernardo Hees, also a 3G partner, in Chicago last week. But he is ready to take on more at the company, Mr. Hees added.

THE DAY AHEAD

A logo of jet manufacturer Bombardier is pictured during the European Business Aviation Convention in Geneva, Switzerland.

Reuters

May, Trudeau to discuss spat between Boeing, Bombardier. A Boeing Co. trade complaint against Bombardier Inc. has triggered a trans-Atlantic row. When British Prime Minister Theresa May meets on Monday in Ottawa with her Canadian counterpart, Justin Trudeau, the leaders are expected to discuss ways to counter Boeing’s claim that Bombardier is selling its new CSeries jet too cheaply in the U.S. Meanwhile, the Qatari and British governments have signed an agreement for the potential sale of 24 Eurofighter Typhoon combat jets worth several billion dollars.

U.S. foreign exchange trial to begin. A former high-ranking HSBC Holdings PLC executive from Britain on Monday will become the first person to go to trial on charges stemming from a U.S. probe into foreign exchange rate manipulation, reports Reuters.

Central bank meetings, jobless claims, eurozone PMI. Central banks will be in the spotlight this week, with the Federal Reserve (Wednesday) and the Bank of Japan (Thursday) releasing policy statements. The U.S. also will see existing-home sales data (Wednesday) and jobless (Thursday) claims figures that could reflect hurricane damage. In the eurozone, IHS Markit Friday releases its preliminary September composite Purchasing Managers Index.

CORPORATE NEWS

A view of an Equifax sign on the floor of the New York Stock Exchange in New York, N.Y., U.S., Sept. 15, 2017.

Shutterstock

Inside the Equifax hack. In late July, Atlanta-based Equifax Inc. discovered suspicious traffic on its system—and found the same security flaw still existed in some areas. The company’s security staff again addressed the problem, according to Equifax, but by then it was too late. From about mid-May to July 30, hackers ransacked vast troves of information at the credit-reporting company.

The breach potentially exposed about 143 million Americans’ personal information, including names, addresses, dates of birth and Social Security numbers. The company’s chief information officer and chief security officer said Friday they would retire.

Canadian union to strike at GM plant. A Canadian union failed to reach an agreement on a new contract with General Motors Co. and its members will strike, labor leaders said late Sunday, threatening to crimp supply of the auto maker’s top-selling SUV, the Chevrolet Equinox.

SoftBank invests in Slack.Slack Technologies Inc. closed a $250 million funding round led by SoftBank Group Corp.’s Vision Fund, the company said Sunday. According to Bloomberg, the financing round values the workplace chat service operator at $5.1 billion, up from $3.8 billion the last time.

Fosun unit to buy majority stake in Indian drug company.A unit of China’s Fosun Group --Shanghai Fosun Pharmaceutical (Group) Co. -- has agreed to acquire 74% of Indian drug company Gland Pharma Ltd. for $1.1 billion, resurrecting a deal that was previously blocked by the Indian government.

Cloud services can leave companies at risk. As more companies unplug their data centers and rent cloud-computing services from providers such as Amazon.com Inc. and Microsoft Corp., some are discovering an unexpected problem: They’re accidentally leaving their corporate data exposed for all the world to see.

REGULATION

U.S. President Donald Trump is seen in the Rose Garden at the White House in Washington, D.C., U.S., June 1, 2017.

European Pressphoto Agency

Trump’s deal rejection does little to settle debate on U.S. approach to foreign takeovers. President Donald Trump’s rejection last week of a Beijing-backed fund’s attempt to acquire a U.S. semiconductor company was for many in Washington an easy call because it involved a sensitive sector and funding from the Chinese government. The decision did little, however, to settle a debate on Capitol Hill over how the U.S. should approach foreign acquisitions that the government perceives to be less clear-cut.

Meanwhile, the Chinese government expressed concern over an EU proposal to limit its ability to buy up European companies in critical sectors, reports Reuters.

Chinese regulators reign in fintech investment boom. China’s regulators are ratcheting up pressure on the country’s financial sector to slow the spread of investment products targeting small investors, aiming to curb risk from a new wave of technology-driven finance.

Refiners to reap profits from hurricanes. U.S. fuel prices are poised to remain elevated for the rest of the year in the aftermath of hurricanes Harvey and Irma, costing consumers billions but providing a profit boost to some refining companies.

CFO MOVES

Rio Tinto PLC, a U.K. mining company, said that Chief Financial Officer Christopher Lynch will retire by the end of September 2018. The company said that planning for Mr. Lynch’s successor was in progress. He was appointed finance chief in April 2013.

Baidu Inc., a Beijing, China, web services company, named Herman Yu its new finance chief, part of a continued management shuffle at the company. Mr. Yu has been Sina Weibo Corp.'s CFO since 2015. He replaces longtime CFO Jennifer Li, who earlier this year stepped aside to a new role as head of Baidu Capital, the investment arm of the company. Compensation details were not immediately available.

The Morning Ledger from CFO Journal cues up the most important news in corporate finance every weekday morning. Send tips, suggestions and complaints to the editor: kimberly.johnson@wsj.com.